Taking Out Student Loans? Do It Right With These 8 Tips

Considering that the average student loan borrower graduates with more than $26,000 in debt, you need a strategy to keep your loan debt from ballooning out of control. After all, student loan debt could affect your or your child’s quality of life after graduation.“Every dollar for student loans is a dollar less for other priorities like buying a car, buying a house, getting married, having children,” says Mark Kantrowitz, senior vice president and publisher of edvisors.com, publishers of more than a dozen websites about planning and paying for college. “All that costs money and you’ll have tighter finances if you’re paying your student loans.”